(1) The commissioner may promulgate reasonable administrative regulations for the implementation, interpretation, and administration of the provisions of KRS 304.9- 700 to 304.9-759.
(2) Insurers or reinsurers shall not continue to utilize the services of a reinsurance intermediary on and after July 14, 1992, unless utilization is in compliance with KRS 304.9-700 to 304.9-759.